Australian residential construction slows

Australian residential construction slows

Thursday, March 23, 2006

Fewer new homes and units were built in the December quarter of 2005 as the Australian housing market slumped, reports The Australian this week.

According to figures released on Tuesday by the Australian Bureau of Statistics (ABS), dwelling unit commencements fell 7.5 per cent in the December quarter to 35,846 units, seasonally adjusted, from an upwardly revised 38,761 units in the September quarter. In the year to December 2005, total dwelling starts fell 8.4 per cent, adjusted.

New private sector house commencements fell 2.9 per cent to 25,060 in the December quarter 2005. New private other residential building starts, including units, fell 16.6 per cent to 9,617 in the same period, the lowest level since the June quarter 2001, the ABS said.

Construction did accelerate in some areas, however. Despite falls in all other states and territories, new private sector housing starts were up in New South Wales (+ 1.5 per cent), South Australia (+ 5.9 per cent) and the Northern Territory (+ 2 per cent).

CLICK HERE TO PRINT THIS PAGE

CLICK HERE FOR OUR FULL NEWS ARCHIVE

Get this news on your website !

If you have a website, whether it is a personal homepage or a fully fledged estate agent service, you can get our news headlines included on your site. Both these newsfeed services give you the option of having the full news content from TheMoveChannel.com - not just the articles that appear on country subdomains such as this one:

Premium service

For just £50 / month, you can now have your own customised news service on your website. With the XML-based service, articles actually appear on a page on your site, making this a sticky feature that won't result in your traffic leaving. You have control over the display format to show your choice of headlines, dates and short article introductions and can apply your own style sheet or control the display format with XSL sheets. Finally, you can also set your subject preferences so that your feed only displays articles which are relevant to your site audience.

Top News Stories:

France’s ‘Atlantic appeal’
6/19/2008 - Property investors in France need to broaden their horizons a little, claims one expert...

Cyprus: Essential investment tips
6/19/2008 - There many reasons to invest in Cyprus, but investors should always be fully prepared...

Investors eye Italy's 'luscious Lake'
6/19/2008 - Lake Garda is the undisputed star of the Italian Lake district, argues one company...

Sponsored listings:


Worldwide	UK	Italy	France	Portugal	Greece	Spain	USA	Canada	Australia	Investment


Privacy policy Terms of use Support Bookmark now!						TheMoveChannel.com is a protected Trademark. Copyright © 2005 On The Move Ltd. All rights reserved.